Former Bank of Canada Head Mark Carney Appointed Chair at Bloomberg

Mark Carney, former governor of both the Bank of Canada and Bank of England, and U.N. special envoy for climate action and finance, attends the opening of Finance Day at the COP26 U.N. climate summit in Glasgow, Scotland, on Nov. 3, 2021. Daniel Leal/AFP via Getty Images

Mark Carney, the former governor of the Bank of Canada and the Bank of England, has been appointed as the chairman of a fresh board of directors at Bloomberg, the U.S. financial information and media company.

In a significant reorganization of the company’s leadership, Vlad Kliatchko, who previously held the position of head of product at Bloomberg, has now taken on the role of chief executive officer.

The information surfaced in a company email sent by founder Michael Bloomberg to employees at Bloomberg, initially reported by The Information website and subsequently covered by various media outlets, including Reuters.

On June 1, 2013, Mr. Carney left his post as governor at the Bank of Canada to assume the role of governor at the Bank of England beginning July 1, 2013, and stood down from the role in March 2020.

He also occupied positions within the finance department of the Canadian government and at the Wall Street investment bank Goldman Sachs. Hailing from Fort Smith, Northwest Territories, Mr. Carney earned his undergraduate degree in economics from Harvard University in 1988.

Mr. Carney is currently board chair and head of transition investing at Brookfield Asset Management Ltd., a Toronto investment management firm, and serves as United Nations special envoy on climate action and finance, among other roles. He replaces Peter Grauer, who was 20 years in the position.

Collaborating on climate finance endeavours, Mr. Bloomberg and Mr. Carney have previously worked together at the Glasgow Financial Alliance for Net Zero, a coalition of financial institutions overseeing $140 trillion in assets.

According to the memo, JP Zammitt will take on the position of president, and former accountant Patti Roskill will assume the role of chief financial officer. It said Bloomberg is poised to establish a new roster of board appointees, with existing members transitioning to emeritus status, according to Reuters.

“Much of our success stems from internal mobility, giving the next generation a chance to grow and lead, while bringing in the best and brightest to give us a fresh perspective,” Mr. Bloomberg said in the memo.

From 2002 to 2013, Mr. Bloomberg served New York City as mayor. He founded Bloomberg LP in 1981 and was a candidate for the 2020 Democratic nomination for president of the United States.

Mr. Bloomberg, now 81, sought to address speculation that he might be stepping down from his role in the company and stressed that control of the business would be shared, saying that he was “not going anywhere.”

“I’ve never used a title in the company so I won’t change what I’ll be called—just Mike,” he said.

Mr. Bloomberg has donated more than $12.7 billion to causes invested in gun control, climate change, the arts, public health, and education. Forbes magazine estimates he has a net worth in excess of $130 billion.